Awalé Resources Limited announced that infill and follow up soil and termitaria geochemistry on the 5km long Sceptre Iron-Oxide Copper-Gold ("IOCG") target, Odienné Project, has refined the anomaly into 2 significant high tenor copper-gold ("Cu-Au") IOCG targets. The two Sceptre Cu-Au targets are now ready for follow up geophysics and maiden drilling in the first half of 2022. On the basis of the regional geological setting of Odienné, the soil/termitaria data from the Sceptre prospect.

and the initial drill results from the adjacent Charger prospect, the Company interprets the geological setting of the Odienné district to be comparable to that of other significant IOCG provinces globally. IOCG deposits are significant contributors to global copper and gold inventories, and the Company considers the Odienné project to contain significant potential for the discovery of the first major IOCG deposit known in west Africa. Follow-up soil/termitaria sampling has allowed for the definition of two distinct Cu-Au targets at the recently defined Sceptre anomaly, Sceptre East and Sceptre West Sceptre East forms a coincident 1.5 km long, >368ppm (parts per million) Cu />20ppb (parts per billion) Au footprint with a peak value of 1,776ppm Cu and 554ppb Au.

Comparatively, this anomaly covers an area 4 times the size of the recently drilled Charger target, which returned 3m at 9 grams per tonne (g/t) Au and 0.4% Cu within a sulfide bearing hematite breccia (drill hole OERC-89, release dated 22ndJuly 2021). The core of the Cu/Au footprint tested at Charger is a 400m long auger anomaly at >90ppb Au and > 100ppm Cu. Sceptre Main forms a larger, NE trending 2.6 km long and 1.5km wide >110ppm Cu anomaly with coincident >14 ppb Au anomalism.

The Sceptre Main target is known to contain a series of polymetallic veins that have returned high grade results with up to 26.7 g/t Au and 1.5% Cu in selective sampling from artisanal workings.